Category: Currency Currents

Chartage!

Gold vs. US$
Another head shaker it seems. Just when we were warming to the idea of gold and the US$ moving arm in arm, the correlation breaks down or maybe pauses or maybe never was; either way we are now back to the old game of higher dollar and lower gold as you can see in the chart below (see the yellow rectangle on the right showing the US$ and gold divergence:

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